The US economy is losing steam as retail sales show their biggest decline in 12 months
Retail sales down 1.1% in December; November sales fell Core sales down 0.7%; November sales not reviewed Manufacturing output is down 1.3%; November production cut Producer prices down 0.5%; up…
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Wall St stumbles on weak data, comments from hawkish Fed
Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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Tesla video promoting self-driving has been staged, an engineer testifies
17 Jan. (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating…
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Elon Musk’s suspension of journalists on Twitter has sparked global reactions
Dec. 16 (Reuters) – Twitter’s unprecedented suspension of at least five journalists over claims they revealed owner Elon Musk’s real-time location quickly drew backlash from government officials, advocacy groups and…
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Wall Street ends lower for a third straight day as recession concerns mount
US business activity slumps in December Meta jumps on JP Morgan rating upgrade Adobe climbs on optimistic profit forecast Dow down 0.85%, S&P 500 down 1.11%, Nasdaq down 0.97% NEW…
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Twitter suspends several journalists, Musk calls ‘doxxing’ of his jet
Dec. 15 (Reuters) – Twitter on Thursday suspended the accounts of several prominent journalists who recently wrote about new owner Elon Musk, with the billionaire tweeting that rules prohibiting the…
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Electric vehicles are facing the leap into the mass market
DETROIT, Dec. 15 (Reuters) – The past year has been a sobering one for investors pouring money into Tesla Inc (TSLA.O) and rival electric vehicle startups hoping to emulate the…
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US retail sales fall after hefty gains; labor market still tight
Retail sales fell 0.6% in November Core sales down 0.2%; October sales have been revised lower Weekly jobless claims fall by 20,000 to 211,000 WASHINGTON, Dec. 15 (Reuters) – US…
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